- This is the concept of social recovery of the user account
- The standard will also allow transaction costs to be “broken down” and paid for with derivative tokens
- There is, however, a risk that the fee itself will increase
The cryptocurrency exchange OKX announced Monday, June 5, that the branded multichain wallet will support the user account abstraction standard (ERC-4337). This is a new concept of the social recovery mechanism, which also brings a number of significant advantages.. However, OKX has promised to provide full details in the near future.